Tag Archives: U.S. Economy

Preflight Covid-19 testing is on the rise — the question is whether it works

Johnson & Johnson’s coronavirus vaccine trial is paused after ‘adverse event’ in a participant

Johnson & Johnson’s late-stage coronavirus vaccine was paused after a participant reported an “adverse event” about 36 hours earlier, the company’s chief financial officer said Tuesday. The pause will allow the data and safety monitoring board to thoroughly investigate the unexplained illness, CFO Joseph Wolk said in an interview on CNBC’s “Squawk Box.” “We’re letting… Read More »

Dr. Fauci says U.S. faces ‘a whole lot of trouble’ as coronavirus cases rise heading into winter

The United States is “facing a whole lot of trouble” as coronavirus cases continue to surge across the country heading into the cold winter months, Dr. Anthony Fauci, the nation’s top infectious disease expert, told CNBC on Monday.  The U.S. reported more than 44,600 new cases on Sunday and the seven-day average rose to over… Read More »

Digital tax conflicts could wipe more than 1% off global GDP every year, OECD warns

France’s President Emmanuel Macron gestures during a meeting with U.S. President Donald Trump, ahead of the NATO summit in Watford, in London, Britain, December 3, 2019. Kevin Lemarque | Reuters LONDON — Tensions over a digital tax may trigger a trade war that could potentially slash global GDP (gross domestic product) by over 1% every… Read More »

Goldman Sachs bets against the dollar on ‘blue wave’ prospects and vaccine outlook

Traders work at Goldman Sachs booth on the floor of the New York Stock Exchange in New York. Scott Eells | Bloomberg | Getty Images Goldman Sachs has recommended short-positions against the U.S. dollar, arguing that the risks arising from vaccine trials and the U.S. election are skewed to the downside for the greenback. In… Read More »

Earnings could be a positive force for stocks as Washington continues to wrangle over stimulus